Data Management Insight ESG & Sustainability The latest content from across the platform
SEC Approves Watered-Down Climate Reporting Rules
American listed companies will not have to report on their Scope 3 emissions in rules that will, however, require them for the first time to disclose other climate data. The US Securities and Exchange Commission (SEC) yesterday approved measures that would bind corporates into presenting data on the climate risks they face, their plans to…
Survey Highlights Wide Price Differences for Comparable Data
Some asset managers and financial firms are paying as much as four times more than their peers for the same ESG data, according to research that underlines the immaturity of the market for sustainability information. The huge disparities in pricing for data, ratings and indexes emerged in a survey that also found buy-side and sell-side…
ESG Driving Data Management Innovation, Says Curium
ESG is driving innovation in data management processes as growing customer and regulatory demand for high-quality sustainability capabilities pressure financial institutions to adapt. The large volumes of information that organisations need to fulfil their sustainability mandates and to comply with emerging regulations has forced data scientists to devise new ways to manage their content. Furthermore,…
Nature-linked Indexes Added to S&P Sustainability Benchmarks
S&P Dow Jones Indices has added another set of ESG-themed benchmarks to its roster, this time providing a gauge for nature-focused investors. The S&P 500 Biodiversity Index and the S&P Global LargeMidCap Biodiversity Index are intended to provide broad views of the impacts companies are having on nature and vice versa. The new suite follows…
Investors See Relevance in Double Materiality Ratings: ISS ESG Survey
Institutional investors believe that ESG ratings built on a double materiality methodology are “very relevant” to them, according to an ISS ESG survey of client needs. The analysis also found that investors consider the reporting standards of International Sustainability Standards Board (ISSB), UN Global Compact (UNGC) and the Task Force on Climate-related Financial Disclosures (TCFD)…
One Year in, Wolters Kluwer Sees New ESG Solution Grow
Last February, Wolters Kluwer created a separate ESG-focused division within its global software solutions and services business. The Corporate Performance and ESG (CP and ESG) division brought together four existing software units to offer the company’s global banking clients integrated financial, operational, and ESG performance management and reporting solutions. Presided over by Karen Abramson, former…
RIMM Chief Sees Brighter Future for EM Sustainability Data
Increasing Western focus on supply-chain disclosures will accelerate the ingestion of emerging-market ESG data into global systems, according to the chief executive of a corporate sustainability services provider. With a large proportion of the world’s manufacturers, suppliers and logistics providers located in developing economies, new oversight rules requiring Scope 3 emissions will increase data flows…
Danish Pension Company Velliv Implements CuriumEDM for ESG Data Management
Velliv, a Danish pension and insurance company, has implemented Curium Data Systems’ enterprise data management solution, CuriumEDM, to manage the processing of its ESG data and ensure it can accommodate expanding regulatory and commercial requirements around ESG datasets. Curium’s initial target at Velliv is to address the ingestion, aggregation, mastering and quality control of ESG…
SIX Adds to ESG Products With SME Assessment Tool
Swiss financial giant SIX has launched a tool that will enable banking clients to make assessments on the sustainability performance of small- and medium-sized enterprises on their loan books. The service is backed by Greenomy, an ESG assessment and reporting company that the Swiss company acquired late last year. With Greenomy’s software-as-a-service platform, the solution…
ESG Integration Hurdles, and Spreadsheets, Worry Data Experts
Resourcing constraints and fragmented business practices are holding back companies from integrating ESG processes into their operations. They are also still relying on manual data management to meet their ESG obligations. These findings, presented in a recent study of corporate ESG preparedness by KPMG, point to potentially dire consequences for financial institutions that use data…